*A reader, Hjteo, commented that if you have a DBS internet account linked to the DBS Vickers site, you can get minimum rates of just $18.

All transactions are subject to the following fees:

i ) Clearing Fees : 0.05% ¹ or 0.04% ² of the contract value

ii) SGX Trading Access Fees: 0.0075% of the contract value

iii) 7% GST on commission, clearing fees and SGX Trading Access fees

1: With effect from 1 March 2007, the clearing fee rate will be reduced from 0.05% to 0.04% (only for shares, not applicable structured warrants, futures, options) of the contract value, subject to maximum of S$600 or US$393 or HK$3,095.

According to the info there, you need to have:1. DBS Vickers account.2. DBS ibank account

After which you can activate it. I quote from the site:

Account activation

7.

How do I use this service?

As long as you have an active DBS Vickers account, you can perform a one time activation to link up your iBanking with DBS Vickers Online trading account.

How long it takes is not stated. I don't have a DBS Vickers account so cannot advise you on the time it takes. From past experience, it can take 3 weeks or more for accounts to be linked. But internal bank transfer approval should be faster.

Disclaimer

The information contained in this blog is prepared from data believed to be correct and reliable at the time of publication of this report. The authors do not make any guarantee or representation as to the adequacy, accuracy, completeness, reliability of the information contained herein. Neither the authors or any affiliates or related persons shall be liable for any consequences (direct or indirect losses, loss of profits and damages) of anyreliance placed on information provided in the blog.

Shares and financial instruments illustrated in this blog can go down sharply or in certain instruments suffer total loss on the initial investments. Investors are advised to make their own judgment on the information provided and consult their own financial advisors or consultants as to the suitability of the products illustrated to their particular financial needs and objectives before acting on any information contained herein in this blog.